Fix Price plans to pay 11.5 rbl per GDR in dividends for Jan–Jun

MOSCOW, Aug 12 (PRIME) -- Russian discounter retailer Fix Price plans to pay 11.5 rubles per global depositary receipt (GDR), or a total of 9.788 billion rubles, in dividends for January–June, the company said in a statement on Thursday.

“The Board of Directors of Fix Price Group Ltd. is pleased to announce that the Company intends to pay an interim dividend in the amount of 9.788 billion rubles or 11.5 rubles per GDR/share (gross amount subject to taxes and fees), amounting to 100% of profit under IFRS for the six months ended June 30, 2021,” the statement read.

The dividends will be paid on September 28, and the record date is September 24.

In March 2021, Fix Price carried out an initial public offering (IPO) of its GDRs on the London Stock Exchange and on the Moscow Exchange. As of April 8, companies of businessmen Artyom Khachatryan and Sergei Lomakin owned 35.3% of the retailer each, while the company’s management had 1.9%, and free-float amounted to around 27.6%.

(73.9695 rubles – U.S. $1)

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